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Indymac vs. Schumer vs. the Regulators

By
Education & Training with Tech and Social Media Consultant
First Senator Schumer let's loose with a public "Hey we better watch these guys" email.

Indymac of course issues the standard issue, "We're doing fine."

Wall St. and the general public get the jitters.

Now two different Regulators come out (publicly) telling Schumer to watch his P's and Q's!

IndyMac, Regulators Pursue Plan to Help Stabilize Bank (WSJ)

http://www.veoh.com/videos/v14714674z3cWdGfN

We're in very volatile times, you really need to be careful out there. One little slip and dramatic changes can occur.

Indymac on Google Finance

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Comments(5)

Aaron Barnes
Barnes Real Estate Brokerage - Destin, FL

these a shacky times... I think a major turning point for this country

Jul 03, 2008 07:59 AM
Matt Heaton
Timu Corp - CEO, ActiveRain - Co-founder - Bothell, WA

Indymac of course issues the standard issue, "We're doing fine."

Never believe a rumor until it's officially denied.  Indymac is in big, big trouble.  Though, I'm rather surprised at Schumers letter making it public, I'm not sure if that was his original intention.

Jul 03, 2008 08:00 AM
Bill C. Merrell
Merrell Institute ~ Appraisal Education Network - Bohemia, NY
Ph.D. - Merrell Institue

Lets see what happens when the shake out occurs.

Bill

Jul 03, 2008 08:10 AM
Associate Broker Falmouth MA Cape Cod Heath Coker
https://teamcoker.robertpaul.com - Falmouth, MA
Heath Coker Berkshire Hathaway HS Robert Paul Prop

They should also be watching the mor tgage elec tronic reg istration servi ce (m ers) for happenings. 

Jul 03, 2008 08:12 AM
Lisa Hill
Florida Property Experts - Daytona Beach, FL
Daytona Beach Real Estate

Uh Oh. Changes! Be'd better be careful. We certainly wouldn't want "Change"! Geez.

Jul 03, 2008 03:03 PM